JB Hunt Transport Services (JBHT) ($60.90 vs. $59.20 on Dec. 24) set a new multiyear high at $62.16 on Jan. 4. The daily chart is neutral, with declining MOJO, and the weekly chart is overbought, with the five-week MMA at $59.64. The stock remains buy-rated, with my monthly value level at $58.87, my quarterly pivot at $61.22 and my semiannual risky level at $64.28.
Norfolk Southern Corp (NSC) ($65.46 vs. $62.55 on Dec. 24) - has a positive daily chart and a positive weekly chart with the five-week MMA at $63.23 and the 200-week SMA at $60.54. The stock remains buy rated with my monthly value level at $58.81 with a weekly risky level at $67.68.
Old Dominion Freight Line (ODFL) ($35.10 vs. $34.28 on Dec. 24) set a multiyear high at $36.25 on Jan. 10. The daily chart is neutral, with declining MOJO, and the weekly chart is overbought, with the five-week MMA at $34.29. The stock still has a buy rating. My monthly value level is at $32.96, my weekly pivot is at $35.34, and my quarterly risky level is at $36.60.
Union Pacific (UNP) ($131.44) set a multiyear high at $132.09 on Jan. 11. The daily chart is overbought, and the weekly chart is positive, with the five-week MMA at $127.10. The stock has a buy rating, with my quarterly value level at $126.73, my monthly pivot at $129.94 and my semiannual risky level at $143.14.United Parcel Service (UPS) ($79.33 vs. $74.84 on Dec. 24) has an overbought daily chart and a positive weekly chart with the five-week MMA at $75.54. The stock still has a buy rating, with my quarterly value level at $74.55 and my semiannual risky level at $80.21. At the time of publication, Suttmeier had no positions in stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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